An 11th Hour Budget Deal Struck … There Will be no Government Shutdown

Budget deal made, government shut down averted …

GOP House Speaker John Boehner has done what previous Democrat controlled House Speaker Pelosi, Democrat Senate Majority Leader and Democrat President Barack Obama could not do last year. Boehner managed to get a budget passed in spite of Democrats. Sadly, Democrats last year thought it not in their interest to pass a budget when they controlled both the House Senate and Presidency.  As the Politico reports:

After a long day of trading offers, the White House and House Republicans reached agreement Friday night on a budget framework that would cap 2011 appropriations near or below $1.050 trillion while cutting domestic and foreign aid by more than $40 billion from the rate of spending at the beginning of this Congress.

Behind the closed doors of special meeting of the Republican Conference, Speaker John Boehner presented the package to his party as at least an agreement in principle and said at one point: “We have a deal.” The Senate should now feel confident enough to move ahead with a stop gap spending bill to avert—or at least shorten—any shutdown beginning at midnight.

Initially Reed and Democrats did not want $1 dollar of any spending cuts. In the end they wound up with a deal to cut about $38 billion in federal spending. In the end it appears that the Tea Party was victorious in the end. However, there needs to be serious action to take on the national debt. It would appear that Harry Reed and Barack Obama were handed their hat this evening. Now wait until the debt ceiling vote.

The only great news of the night for Barack Obama is … he gets to go on yet another vacation now.